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Restaurant to let in Folkestone

Old High Street, Folkestone, CT20 1RJ
To rent
£2,000 p.m.

COMMON USE CLASS: A3 Restaurants and Cafes, A4 Drinking Establishments

motis-estates
This property is marketed by:
Motis Estates

Location

Motis Estates, Chartered Surveyors in Folkestone are pleased to offer this fantastic commerical unit in the thriving area of the Old High Street in Folkestone on the edge of the Creative Quarter.

Folkestone Creative Quarter is an urban village of designers, filmmakers, musicians, web developers and artists. We have restored 90 buildings and look after around 80 flats, 115 studios and offices and over 50 shops, making it a hive of activity. Enjoy watching artists paint in their galleries and sign up to classes run by skilled makers. Bars transform into micro-performance spaces and cafés are buzzing with people meeting to make exciting plans. Contributing to the reputation, infrastructure and economy of the town, Folkestone Creative Quarter is a playground for creative and digital businesses.

A stone’s throw from the sea and less than an hour from London, Folkestone’s Creative Quarter is home to hundreds of creatives who contribute to and support the creative community, making Folkestone a great place to live, work and visit.

Developed by Creative Folkestone– an arts charity launched in 2002 (formerly known as Creative Foundation) to regenerate Folkestone through creativity – the Creative Quarter is a unique attraction for visitors and a fantastic example of creatively-led regeneration, with a thriving community that shares an ethos of encouraging, supporting and enabling creative activity.

There are a mix of independent businesses within the area and also many national retailers are located in the immediate vicinity, including Bouverie Place Shopping Centre nearby has Primark, Asda and New Look amongst others. Town centre car parks and the bus station are within easy reach.

Description

A ground floor restaurant of approx 52 covers with kitchen and storage to the rear extending to a ground floor net internal area of 1,190 sq ft (excluding the Basement which has not been measured. The basement can be used for storage). The property has been trading as an Indian restaurant for over 20 years although closed in 2017 after ill health. The kitchen has continued to be in use by the current owners for personal use. The kitchen at the rear of the property is fully fitted and benefits from natural light from a roof lantern. There is also an added benefit of a bar. The property also has 2 working w/c's.

Total: 110 sq m (1,190 sq ft).

Lease Term: Negotiable

Rent: £24,000 per annum (no VAT)

Rent Reviews: To be discussed

Service Charge and Buildings Insurance: The tenant to contribute a reasonable proportion towards the service charge and buildings insurance of the property.

Rateable Value: £7,000 effective from 1st April 2017. The small business multiplier is 49.9p and the standard multiplier is 51.2p from 1 April 2022 to 31 March 2023

Energy Performance Certificate: The Landlord is currently in the process of obtaining a new EPC certificate after undertaking improvement works to the lighting. The current certificate is F (139) and therefore does not meet MEES Regultions.

Services: Mains water, gas, drainage and electricity.

Deposit payable, the amount is to be confirmed dependent on tenant circumstance.

Legal Costs: Each party to pay their own legal costs.

VACANT POSSESSION UPON COMPLETION SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).


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